Current:Home > MyThe Daily Money: Is Boeing criminally liable for 737 Max deaths? -GrowthInsight
The Daily Money: Is Boeing criminally liable for 737 Max deaths?
View
Date:2025-04-13 07:09:52
Good morning! It's Daniel de Visé with your Daily Money.
Boeing has violated a 2021 agreement that shielded it from criminal prosecution after two 737 Max disasters left 346 people dead overseas, the Department of Justice claims in a new court filing.
According to the DOJ, Boeing failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."
The planemaker has been under increased scrutiny by regulators and lawmakers this year following the latest grounding of its 737 Max jets.
What happens next?
High interest rates taking a toll on construction
Three years ago, when a local developer hatched plans for a 352-unit apartment building in West Philadelphia, the project was a no-brainer, Paul Davidson reports.
The city needed tens of thousands of affordable and reasonably priced housing units. Construction costs were a relative bargain. And interest rates were at historic lows.
But after pandemic-related material and labor shortages raised construction costs and the Federal Reserve’s flurry of interest rate hikes in 2022 and 2023 pushed borrowing costs to 23-year highs, the developer of the West Philly building scrapped the project.
High interest rates are compounding the effects of spiraling construction costs and forcing developers to scrap, significantly delay or shelve a growing share of projects across the U.S.
Here's how the construction industry is affected.
📰 More stories you shouldn't miss 📰
- Auto insurance costs are rising. Here's how to save.
- Bumble under fire for 'shaming' women.
- Will meme stock traders aid Trump Media?
- What the Fed said about interest rates.
- 3 ways to hedge against inflation.
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
Wi-Fi, laptops and mobile phones have made work from anywhere a reality for many of us, Medora Lee reports. But working while moving from state to state could cause a tax headache.
If you work in a different state from where you live, you may have to file more than one state income tax return.
Here are the states to worry about.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (34)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- A diamond in the rough: South Carolina Public Works employee helps woman recover lost wedding ring.
- Senate deal on border security and Ukraine aid faces defeat as Republicans are ready to block bill
- Man sailing from California arrives in Hawaii after Coast Guard launched search for him
- Skins Game to make return to Thanksgiving week with a modern look
- Coke hopes to excite younger drinkers with new raspberry-flavored Coca-Cola Spiced
- Witness testifies accused killer pressured him to destroy evidence in Jennifer Dulos murder case
- Fire destroys Minnesota’s historic Lutsen Lodge on Lake Superior
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Scientists rely on private funding to push long COVID research forward
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Want to watch Super Bowl 2024 commercials before the big game? These ads are already live.
- FAA chief promises more boots on the ground to track Boeing
- 'Mr. & Mrs. Smith' 2024 cast: See the full cast headlined by Donald Glover, Maya Erskine
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- China gives Yang Jun, dual Australian national and dissident writer, suspended death sentence for espionage
- King Charles is battling cancer. What happens to Queen Camilla if he dies or abdicates?
- The music teacher who just won a Grammy says it belongs to her students
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Illinois man receives sentence after driving into abortion clinic, trying to set it on fire
Minnesota woman accused of trying to get twin sister to take fall for fatal Amish buggy crash
A 73-year-old man died while skydiving with friends in Arizona. It's the 2nd deadly incident involving skydiving in Eloy in 3 weeks.
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
GM’s troubled robotaxi service faces another round of public ridicule in regulatoryhearing
Coke hopes to excite younger drinkers with new raspberry-flavored Coca-Cola Spiced
A SWAT team sniper killed a bank hostage-taker armed with a knife, sheriff says